Shree Sid­dhiv­inayak Real­tors fined

The Hindu Business Line - - MARKET RADAR - PTI

Mar­ket reg­u­la­tor SEBI on Tues­day slapped a fine of ₹25 lakh on Shree Sid­dhiv­inayak Real­tors and Se­cu­ri­ties for in­dulging in ma­nip­u­la­tive trades in illiq­uid stock op­tions seg­ment on the BSE. “... trades of No­ticee (Shree Sid­dhiv­inayak) were non-gen­uine and have cre­ated false or mis­lead­ing ap­pear­ance of trad­ing in terms of ar­ti­fi­cial vol­ume in stock op­tions, and there­fore, ma­nip­u­la­tive, de­cep­tive in na­ture,” SEBI said while im­pos­ing the fine on the firm. By en­gag­ing in such trades, the firm vi­o­lated PFUTP reg­u­la­tions, SEBI said.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.